https://www.taxtmi.com/news?id=11630 The policy authorises External Commercial Borrowing (ECB) for low cost affordable housing under approval route, requiring developers to have at least three years' experience and a good track record; HFC paid up capital thresholds have been relaxed while minimum Net Owned Funds requirements remain. ECB proceeds cannot be used for land acquisition. Aggregate scheme limits apply and ECBs taken by developers and builders must be swapped into rupees for the entire maturity on a fully hedged basis. NHB and eligible HFCs may also utilise ECBs to finance prospective owners. en-us Fri, 30 Aug 2013 17:22:28 +0530 Fri, 30 Aug 2013 17:22:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11630 The policy authorises External Commercial Borrowing (ECB) for low cost affordable housing under approval route, requiring developers to have at least three years' experience and a good track record; HFC paid up capital thresholds have been relaxed while minimum Net Owned Funds requirements remain. ECB proceeds cannot be used for land acquisition. Aggregate scheme limits apply and ECBs taken by developers and builders must be swapped into rupees for the entire maturity on a fully hedged basis. NHB and eligible HFCs may also utilise ECBs to finance prospective owners. News - Fri, 30 Aug 2013 17:22:28 +0530 https://www.taxtmi.com/news?id=11630